PDF Solutions (NASDAQ:PDFS) Shares Gap Up – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $43.86, but opened at $50.12. PDF Solutions shares last traded at $45.2480, with a volume of 191,262 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Rosenblatt Securities lifted their price objective on PDF Solutions from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Monday. DA Davidson lifted their price objective on PDF Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, April 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PDF Solutions currently has a consensus rating of “Hold” and a consensus price target of $43.50.

PDF Solutions Stock Performance

The stock has a 50-day simple moving average of $35.27 and a 200-day simple moving average of $31.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market cap of $1.84 billion, a PE ratio of -2,305.65 and a beta of 1.56.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $61.95 million. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%. Equities analysts predict that PDF Solutions, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC lifted its stake in shares of PDF Solutions by 0.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock worth $38,757,000 after purchasing an additional 9,040 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of PDF Solutions by 3.7% during the second quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock worth $25,472,000 after purchasing an additional 41,977 shares in the last quarter. State Street Corp lifted its stake in shares of PDF Solutions by 0.5% during the fourth quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock worth $32,854,000 after purchasing an additional 5,619 shares in the last quarter. Samjo Management LLC lifted its stake in shares of PDF Solutions by 2.7% during the fourth quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock worth $32,839,000 after purchasing an additional 30,300 shares in the last quarter. Finally, Ranger Investment Management L.P. lifted its stake in shares of PDF Solutions by 1.1% during the third quarter. Ranger Investment Management L.P. now owns 1,057,210 shares of the technology company’s stock worth $27,297,000 after purchasing an additional 11,665 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Company Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.